Holders of popular Solana meme coin Bonk ($BONK) are turning their attention to a new meme coin ICO after the low-utility meme coin posted notable depreciation recently.
Bonk rose 2% overnight to hit $0.00001702, putting its intraday performance roughly in line with the trillion cap market leader Bitcoin ($BTC), which rose 2.2% overnight and trades at $57,932 as of this writing.
However, Bonk is lagging behind Bitcoin and various leading meme coins relative to a fortnight ago and a month ago.
Bitcoin fell 2.7% in fourteen days and about 1% from its price thirty days ago; Bonk fell 8.2% over the and about 12.7% over the respective periods.
Bonk Price Analysis – Here’s What You Need to Know
Bonk stands out as potentially the worst-performing meme coin with a billion-dollar market cap this month, compared to sector leaders like Dogecoin ($DOGE) and Shiba Inu ($SHIB), which have maintained their values more effectively.
Dogecoin recorded a slight 1% increase over the past fortnight, despite a monthly drop of 2%, closing at $0.1018.
Shiba Inu experienced a 5.8% decrease over the fortnight and a monthly reduction of 1.9%, ending at $0.00001334.
Pepe ($PEPE), the largest non-Doge meme coin, fell 7.5% weekly and 8.8% monthly, now trading at $0.057297.
However, Bonk shows signs of recovery, leading a 24-hour rebound among the top five Shiba Inu-themed coins.
Despite its volatility, Bonk trades slightly above its 30-day average of $0.0001672 with a rising RSI of 60, suggesting some stabilization in its market position.
Meme Coin Fans Snap Up Crypto All-Stars In $1.2 Million ICO
As a low-utility meme coin, Bonk’s role in a post-adoption world is precarious and depends on how strongly the community is incentivized to HODL and pump their coins.
Those who want to support the sector by investing in projects with stronger fundamentals should consider diversifying their portfolios with some of the new presales redefining meme coins in Web3.
One such project—a unified staking protocol for meme coin fans—is Crypto All-Stars ($STARS) a revolutionary platform that brings together the most celebrated meme coins in one place. This week, one whale even snapped up $50,000 $STARS.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them in the MemeVault and earn passive income in the form of $STARS with a rewards rate currently set at 1,214%.
The team has allocated 20% of the tokens for its presale; the other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the remaining 25% for the MemeVault ecosystem.
The project has gained so much popularity that its presale has already raised over $1.2 million since launching a fortnight ago.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
So, if you are an investor looking to put your money to work, Crypto All-Stars is arguably a more robust invesment than Bonk. Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars presale Website Here
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